Director, Diagnostic Imaging Finance

Key Functions

• Supports the Division Administrator in administrative and financial functions including new program and operational development, analysis, budget and cost reduction efforts, clinical business services, procurement, asset management and special projects which focus on operational improvement.
• Conducts extensive qualitative and quantitative analysis, including financial analysis, cost/benefit analysis, and organizational analysis.
• Maintains an effective patient charge capture and reconciliation system which requires working with the Office of Patient Business Services to ensure that charges are competitive, reasonable, cost-related, and processed in a timely fashion.
• Coordinates with appropriate division and institutional representatives to review and revise insurance and authorization verification policies and procedures in accordance with institutional initiatives in order to maximize managed care and other third-party reimbursements.
• Develops and conducts in-services so that staff are knowledgeable and current on the billing process.
• Performs periodic reviews to ensure that job standards are maintained.
• Responsible for designing and preparing financial and operational management reports for financial and personnel key performance indicators and all funds, research, and operating activities within the Division of Diagnostic Imaging.
• Collaborates with faculty and administrative leaders and regularly articulates division financial performance and mitigation strategies, as needed.
• Initiates and completes special projects and studies as directed by Division Administrator.
• Reviews the overall reasonableness of the assumptions as compared to similar programs within or outside of the organization and makes recommendations to senior leadership.
• Oversees the procurement functions of the division and ensures coordination across departmental boundaries to promote and maintain efficient operations in ordering, researching problems and timely communication information to all stakeholders.
• Assists and collaborates in the development and implementation of a system to effectively manage all assets in Division of Diagnostic Imaging and be able to account for 100% of all assets.
• Works with divisional leadership to proactively work with the Institutional Property Controller to coordinate annual inventory process and education sessions.

Financial Oversight

• Monitors and projects future revenues for the Division of Diagnostic Imaging including development and formalization of business plans;
• Aids in the development of long-term financial, operational, and business plans for the department and division;
• Designs and implements financial performance reports, including accounting and productivity data for use in fiscal and operational management;
• Directs development of patient care charge capture, pricing structure, business and compliance practices for relevant areas in the Division of Diagnostic Imaging;
• Ensures that charges are accurately posted to both the Hospital and Clinic system and Physician Referral Service System by monitoring monthly company center reconciliation and management to ensure the division is performing within its defined financial margins;
• Recommends methods of improvement to the charge capture process;
• Coordinates with counterparts on workflows for patient referral, insurance verification, authorization and financial counseling operations related to the Division of Diagnostic Imaging.

Financial Administration & Personnel Oversight

• Develops business and financial services staffing plans to accommodate growth for the division, in alignment with institutional and divisional strategies;
• Coordinates and communicates division wide merit pool with department and division administrative leaders;
• Encourages employees to participate in continuing education programs or programs that will enhance their professional and leadership skills;
• Performs periodic reviews to ensure that job standards are maintained;
• Responsible for design and preparation of financial and operational management reports for financial and personnel key performance indicators and all funds, research, and operating activities within the Division of Diagnostic Imaging;
• Contributes agenda items related to financial reporting at all meetings;
• Collaborates with faculty and administrative leaders and regularly articulates division financial performance and mitigation strategies, as needed.

Project & Inventory Oversight

• Initiates and completes special projects and studies as directed by Division Administrator;
• Develops financial analysis for proposed new programs, including preparation and/or review of underlying statistical and financial assumptions;
• Reviews the overall reasonableness of the assumptions as compared to similar programs within or outside of the organization and makes recommendations to senior leadership;
• Consistently reviews existing programs for financial performance, reviews current state of operations in terms of strengths and weaknesses from both administrative and financial perspectives and makes recommendations to senior leadership on potential performance improvement;
• Oversees the procurement functions of the division and ensures coordination across departmental boundaries to promote and maintain efficient operations in ordering, researching problems and timely communication information to all stakeholders;
• Assists and collaborates in the development and implementation of a system to effectively manage all assets in Division of Diagnostic Imaging and be able to account for 100% of all assets.

Education & Experience

• Minimum of seven (7) years of progressive experience in business management within a healthcare environment, including at least five (5) years of leadership.
• Preferred: Minimum of ten (10) years of management experience in a healthcare setting, with demonstrated responsibility for budgeting and financial oversight.
• Proven track record of leadership through formal leadership roles within healthcare organizations.

Additional Information

• Requisition ID: 179998
• Employment Status: Full-Time Employee Status: Regular
• Work Week: Days
• Minimum Salary: US Dollar (USD) 189,000
• Midpoint Salary: US Dollar (USD) 206,000
• Maximum Salary : US Dollar (USD) 223,000
• FLSA: exempt and not eligible for overtime pay
• Fund Type: Hard Work
• Location: Hybrid Onsite/Remote
• Relocation Assistance Available?: Yes